Skanska Wins USD 320 Million Share of Vincent Thomas Bridge Deck Replacement in Los Angeles

Skanska AB ( ($SE:SKA.B) ) has shared an announcement.

Skanska, in joint venture with California Engineering Contractors, has secured a major infrastructure contract from the California Department of Transportation to replace the deck of the Vincent Thomas Bridge in Los Angeles. The total contract is valued at USD 534 million, with Skanska’s share amounting to USD 320 million, approximately SEK 2.9 billion, to be recorded in its U.S. order bookings for the first quarter of 2026.

The project involves removing and replacing the existing bridge deck, installing new expansion joints and integrating advanced corrosion-protection systems to increase load capacity, enhance safety and reduce long-term maintenance needs. Work is scheduled to begin in March 2026 and conclude by March 2029, reinforcing Skanska’s presence in the U.S. transportation infrastructure market and adding a substantial, multi‑year project to its North American backlog.

The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK309.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.

More about Skanska AB

Skanska Group is one of the world’s largest construction and project development companies, generating SEK 179 billion in revenue in 2023 and operating across selected markets in the Nordics, Europe and the U.S. The company leverages its roughly 25,900 employees to deliver large-scale, innovative and sustainable infrastructure and building projects that shape how people live, work and connect over the long term.

Average Trading Volume: 779,400

Technical Sentiment Signal: Buy

Current Market Cap: SEK112B

See more insights into SKA.B stock on TipRanks’ Stock Analysis page.